PLUMBERS & PIPEFITTERS LOCAL 45 EDUCATIONAL TRAINING PROGRAM FUND (EIN 431093486) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

JOSH MCQUEEN

Phone

8162795534

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS & PIPEFITTERS LOCAL 45 EDUCATIONAL TRAINING PROGRAM FUND, founded in 1956, is a small nonprofit that reported $435K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

THE PURPOSES OF THIS TRUST SHALL BE TO PROVIDE THE TRAINING AND EDUCATION OF PLUMBER AND PIPEFITTER APPRENTICES AND JOURNEYMEN. THIS IS A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $408,883

Investment Income $0

Other Revenue $25,788

TOTAL REVENUE $434,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,768

Fundraising Expenses $0

Program Expenses $366,796

Other Expenses $256,981

TOTAL EXPENSES $456,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$434,671	$338,112	+0.3%
Expenses	$456,749	$302,439	+0.5%
Net Income	$-22,078	$35,673	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$108,104

Total Directors

$1,504

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE MCMULLAN	TRUSTEE	0.50	Director	$752	$0	$752
BOB FITZPATRICK JR	TRUSTEE	0.50	Director	$0	$0	$0
AUSTIN BENSON	TRUSTEE	0.50	Director	$0	$0	$0
BRIAN PUETT	TRUSTEE	0.50	Director	$752	$0	$752
KOLLIN KNOX	TRUSTEE	0.50	Director	$0	$0	$0
JOSH MCQUEEN	FUND ADMINIS	5.00	Officer Director	$0	$0	$0
MARC WRIGHT	TRAINING DIR	40.00	Officer	$76,772	$31,332	$108,104

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$434,671	$456,749	$874,666	$-22,078
2023	$338,112	$302,439	$892,737	$35,673
2022	$303,830	$271,010	$856,535	$32,820
2021	$277,496	$215,254	$824,260	$62,242
2020	$235,924	$195,951	$761,681	$39,973
2019	$259,222	$193,097	$721,555	$66,125
2018	$230,545	$180,636	$654,495	$49,909

PLUMBERS & PIPEFITTERS LOCAL 45 EDUCATIONAL TRAINING PROGRAM FUND